by Phil Hoover, Real Estate Broker

Eagle, Idaho Real Estate Stats – July 2010

Here’s a snapshot of June’s real estate activity for Eagle, Idaho:

Available Homes
# Available: 334
# Vacant: 107
Vacant Percent: 32.0%
Average Asking Price: $463,854
Median Asking Price: $396,750

Pending Sales
# Pending: 66
Average Asking Price: $380,204
Median Asking Price: $354,950

Closed Sales – June 2009
# Closed: 46
Average Sales Price: $372,061
Median Sales Price: $325,000

Closed Sales – June 2010
# Closed: 44
% Change: -4.4%

Average Sales Price: $324,403
% Change: -12.8%

Median Sales Price: $324,950
% Change: None

Data taken from Intermountain MLS on 7/7/10 and pertains to single-family residences on lot or acreage. Data does not include condominiums or townhomes.

July 7th, 2010 Posted in Eagle Market Stats | Print This Post Print This Post | No Comments »

Home Buyer Tax Credit Extended

President Obama has signed the Home Buyer’s Tax Credit extension.

Contrary to popular opinion, this does not extend the deadline for purchasing a home; it extends the time for closing your transaction.

To get the credit, you must have been under contract (accepted offer) by April 30, 2010.

If you were under contract by April 30, 2010, you now have until September 30, 2010 to close your transaction.

Seems that hundreds of thousands of home buyers were struggling to close their transactions by the previous June 30, 2010 deadline and that resulted in Congress passing legislation for the extension.

The reason why hundreds of thousands of home buyers were struggling?

Well, um . . . . . . seems they bought short sales ! (duh)

July 6th, 2010 Posted in Buyer Stuff | Print This Post Print This Post | No Comments »

Boise, Idaho Real Estate Stats – June 2010

Here’s a snapshot of May’s real estate activity for Boise, Idaho (Ada County):

Available Homes
# Available: 3,725
# Vacant: 1,824
Vacant Percent: 49.0%
Average Asking Price: $241,822
Median Asking Price: $178,900

Pending Sales
# Pending: 808
Average Asking Price: $211,292
Median Asking Price: $169,900

Closed Sales – May 2009
# Closed: 464
Average Sales Price: $216,024
Median Sales Price: $175,000

Closed Sales – May 2010
# Closed: 665
% Change: +43.3%

Average Sales Price: $184,439
% Change: -14.6%

Median Sales Price: $154,008
% Change: -12.0%

Data taken from Intermountain MLS on 6/9/10 and pertains to single-family residences on lot or acreage. Data does not include condominiums or townhomes.

June 12th, 2010 Posted in Boise Market Stats | Print This Post Print This Post | No Comments »

Meridian, Idaho Real Estate Stats – June 2010

Here’s a snapshot of May’s real estate activity for Meridian, Idaho:

Available Homes
# Available: 964
# Vacant: 538
Vacant Percent: 55.8%
Average Asking Price: $202,453
Median Asking Price: $174,000

Pending Sales
# Pending: 222
Average Asking Price: $199,181
Median Asking Price: $182,982

Closed Sales – May 2009
# Closed: 127
Average Sales Price: $190,599
Median Sales Price: $177,500

Closed Sales – May 2010
# Closed: 196
% Change: +54.3%

Average Sales Price: $174,502
% Change: -8.4%

Median Sales Price: $163,000
% Change: -8.2%

Data taken from Intermountain MLS on 6/9/10 and pertains to single-family residences on lot or acreage. Data does not include condominiums or townhomes.

June 12th, 2010 Posted in Meridian Market Stats | Print This Post Print This Post | No Comments »

Eagle, Idaho Real Estate Stats – June 2010

Here’s a snapshot of May’s real estate activity for Eagle, Idaho:

Available Homes
# Available: 351
# Vacant: 108
Vacant Percent: 30.8%
Average Asking Price: $461,871
Median Asking Price: $385,000

Pending Sales
# Pending: 72
Average Asking Price: $363,902
Median Asking Price: $361,125

Closed Sales – May 2009
# Closed: 32
Average Sales Price: $394,577
Median Sales Price: $320,000

Closed Sales – May 2010
# Closed: 59
% Change: +84.4%

Average Sales Price: $298,967
% Change: -24.2%

Median Sales Price: $243,000
% Change: -24.1%

Data taken from Intermountain MLS on 6/9/10 and pertains to single-family residences on lot or acreage. Data does not include condominiums or townhomes.

June 12th, 2010 Posted in Eagle Market Stats | Print This Post Print This Post | No Comments »
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